DOWNTOWN MADISON COMMERCIAL INVESTMENT OPPORTUNITY! Located in the heart of downtown Madison, this well-maintained commercial building, featuring tons of new renovations, offers an excellent opportunity for an investor seeking established tenants, long-term leases, and strong income potential. The property features approximately 11,600 total square feet with two established tenants occupying separate levels. The main floor, approximately 5,800 square feet, is leased to Anytime Fitness, while the approximately 5,800-square-foot upper level is leased to Bulldog Media… Group. Both tenants are secured with 5-year leases, providing a combined gross annual income of $98,400. Recent capital improvements add value and peace of mind, including new mechanical systems completed within the past year and a new roof installed approximately two years ago. The building also features a freight elevator, providing convenient access between floors and added flexibility for commercial use. Located in downtown Madison, the property offers a central location surrounded by local businesses, services, and the community’s established commercial district. With quality tenants, long-term leases, recent updates, and a strong income stream, this property is a great opportunity to add a stabilized commercial investment to your portfolio.
112 N Egan Ave, Madison
$1,100,000
DOWNTOWN MADISON COMMERCIAL INVESTMENT OPPORTUNITY! Located in the heart of downtown Madison, this well-maintained commercial building, featuring tons of new renovations, offers an excellent opportunity for an investor seeking established…
- Price $1,100,000
- Sq. Ft. 11,600
- Location Madison, SD
Property Details
Listing
- MLS # 22606587
- Status Active
- Property Type Retail
- Year Built 1908
- Lot Sq. Ft. 6,969
- Lot Acres 0.16
Interior
- Beds 0
- Baths 0
- Sq. Ft. 11,600
-
Floors
- Carpet
- Tile
Systems
- Heating Central
Location
- Address 112 N Egan Ave
- City Madison
- State SD
- ZIP 57042
- County Other (Out of Jurisdiction)
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